ah! Ventures exists from Entropy Innovations
ah! Ventures has announced its profitable exit from Entropy Innovations within a year of its investment for an undisclosed amount. ah! Ventures along with Mark Mobius, Executive Chairman of Templeton Emerging Markets and AdvantEdge Incubator had invested in Entropy Innovations in June 2015. The company has bought back the stakes from all the investors.
Founded in 2010, ah! Ventures is a startup focused growth catalyst that brings together promising businesses and investors by creating wealth creation opportunities for both. ah!’s unique model serves investors, entrepreneurs, and enablers through a unique blend of customised services, skill, and industry & domain experience. First of its kind initiatives like the CLUB ah! network & platform, ah! Angels (India’s largest angel network), ah! Seeders and ah! VC networks (India’s first seed & VC investment networks respectively) have brought together and integrated the otherwise previously segregated startup funding lifecycle, under one roof.
CLUB ah! is India’s first full-spectrum startup investment network & platform comprising of over 450 investors, including some of the renowned angels and early-stage VCs which represent the maturity of Indian early-stage ecosystem. Setup in 2012, the CLUB ah! platform today boasts of over 2500+ startups, 400+ seed/angel investors and over 60 VCs & intuitional investors. The network also recently secured its first profitable exit from Harness Handitouch within 2 years of its investment. CLUB ah! has till date invested close to INR 30 crores in over 13 startups spread across varied industries and domains.
Commenting on the exit, Harshad Lahoti, Founder & CEO of ah! Ventures, said, “In times when exits are hard to come by, the investors have got a good return and the founders got to consolidate their shareholding. It is a win-win for all stakeholders.” Lahoti further added, “Our belief in the product, the service and the entire effort of revamping bike care & maintenance, made us invest in the enterprise last year. The clarity of which the team understood the niche market, instilled our trust in the start-up and now this exit clearly makes us appreciate that decision of ours. We wish the Entropy team tremendous success in the future.”